Orchard Capital Management LLC Has $9.86 Million Position in Ferroglobe PLC (NASDAQ:GSM)

Orchard Capital Management LLC lowered its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,839,787 shares of the basic materials company’s stock after selling 24,920 shares during the quarter. Ferroglobe comprises approximately 3.0% of Orchard Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Orchard Capital Management LLC owned about 0.98% of Ferroglobe worth $9,861,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Hosking Partners LLP boosted its holdings in shares of Ferroglobe by 48.7% in the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after purchasing an additional 2,981,907 shares in the last quarter. Masters Capital Management LLC boosted its holdings in shares of Ferroglobe by 37.0% in the 1st quarter. Masters Capital Management LLC now owns 3,150,000 shares of the basic materials company’s stock valued at $15,687,000 after purchasing an additional 850,000 shares in the last quarter. Thomist Capital Management LP boosted its holdings in shares of Ferroglobe by 159.3% in the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after purchasing an additional 1,924,879 shares in the last quarter. Grizzlyrock Capital LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at $19,467,000. Finally, Tyro Capital Management LLC boosted its holdings in shares of Ferroglobe by 79.4% in the 1st quarter. Tyro Capital Management LLC now owns 1,992,274 shares of the basic materials company’s stock valued at $9,922,000 after purchasing an additional 881,976 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th.

Ferroglobe Stock Up 2.6 %

Shares of GSM opened at $4.31 on Friday. Ferroglobe PLC has a 52 week low of $4.07 and a 52 week high of $6.78. The stock has a market capitalization of $807.84 million, a price-to-earnings ratio of 12.68 and a beta of 1.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $5.10.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. The company had revenue of $451.05 million during the quarter, compared to analysts’ expectations of $425.55 million. During the same period in the prior year, the company earned $0.30 EPS. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, September 20th. Ferroglobe’s payout ratio is 14.71%.

Ferroglobe Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.